1511 Bath St

    Santa Barbara, CA 93101
    • $2,699,000
    • STATUS: Active
    • ON SITE: 210 days
    • MLS #: 17-3832
    UPDATED: 18 min ago
    $2,699,000
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1986
    County:

    School Information

    Elementary School:
    Middle School:
    High School:
    Listing provided courtesy of Village Properties - 1.

    Description

    Appealing 10 unit apt building restricted as housing for Seniors. 2 for low-moderate, & low income. Highly desired downtown location just above Micheltorena. Front building is 2 story Victorian extensively remodeled & upgraded. It's divided into (4) one bdrm w/2 units on each level. A detached 2 story back building built in 1986 consists of (6) one bdrm,(4) one car garages, common laundry & storage rm. 2 units on ground level & 4 walk-up units. 2 back units w/ small yard areas & 4 w/ small balconies. Property was approved as, & redeveloped as, senior housing for affordable low to low moderate income tenants in 1986 w/ some bonus density approval & mandatory rent guidelines by City of SB Community Development Dept. CC&Rs exist. City designated it as Historic Structure of Merit July 2017.11 gas meters, 11 electric meters & one large +-75 gallon central water heater in each building. 6 units on City Section 8 Housing Authority, 2 units on County Section 8 Housing Authority.

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    The data relating to real estate for sale on this web site comes from the Internet Data Exchange Program of the Santa Barbara Multiple Listing Service. Real estate listings held by brokerage firms other than The Zia Group are marked with the "MLS" logo and detailed information about them includes the name of the listing brokers. All information is deemed reliable, but is not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor The Zia Group shall be responsible for any typographical errors, misinformation, or misprints. © 2018 Santa Barbara Multiple Listing Service. All rights reserved. Data last updated 2018-06-21T11:47:32.227.
    www.theziagroup.com/homes/78947392

    1511 Bath St Santa Barbara, CA 93101

    • Price: $2,699,000
    • Status: Active
    • Updated: 18 min ago
    • MLS #: 17-3832
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    1986
    Built
    Neighborhood:
    15 Or 20 - Downtown
    County:
    Santa Barbara
    Area:
    SB/West of State
    Elementary School:
    Peabody
    Middle School:
    S.B. Jr.
    High School:
    S.B. Sr.
    Property Description
    Appealing 10 unit apt building restricted as housing for Seniors. 2 for low-moderate, & low income. Highly desired downtown location just above Micheltorena. Front building is 2 story Victorian extensively remodeled & upgraded. It's divided into (4) one bdrm w/2 units on each level. A detached 2 story back building built in 1986 consists of (6) one bdrm,(4) one car garages, common laundry & storage rm. 2 units on ground level & 4 walk-up units. 2 back units w/ small yard areas & 4 w/ small balconies. Property was approved as, & redeveloped as, senior housing for affordable low to low moderate income tenants in 1986 w/ some bonus density approval & mandatory rent guidelines by City of SB Community Development Dept. CC&Rs exist. City designated it as Historic Structure of Merit July 2017.11 gas meters, 11 electric meters & one large +-75 gallon central water heater in each building. 6 units on City Section 8 Housing Authority, 2 units on County Section 8 Housing Authority.
    Exterior Features

    Parking Information Garages

    Interior Features

    Amenities Gas StoveRefrigerator Floor Window Coverings CarpetVinyl Heating Cooling Wall Laundry Room Unit1 Baths 1.00 Unit1 Bedrooms 1.00 Unit1 Half Baths 0.00 Unit2 Baths 1.00 Unit2 Bedrooms 1.00 Unit3 Baths 1.00 Unit3 Bedrooms 1.00 Unit4 Baths 1.00 Unit4 Bedrooms 1.00

    Property Features

    Condition Good Contingent Remarks Apprv Fin StmtHome InspectnReportsSubj 2 Inspect Cross Street Micheltorena Deposit 3.00 Foundation Mixed Income Expenses Annual Income 177756.00 Income Expenses Gross Rent Multiplier 15.95 Income Expenses Other Income 338.00 Income Expenses Total Monthly Income 14475.00 Meters Separate Meter Electric Yes Meters Separate Meter Gas Yes Owner Provides Trash Proximity Near BusNear HospitalNear Shopping Public Listing Details Other Terms CashCtnl Unit1 Furnished No Unit1 Monthly Total 8700.00 Unit1 Rent 1450.00 Unit1 Units 6.00 Unit2 Monthly Total 3000.00 Unit2 Rent 1500.00 Unit2 Units 2.00 Unit3 Monthly Total 1475.00 Unit3 Rent 1475.00 Unit3 Units 1.00 Unit4 Monthly Total 1300.00 Unit4 Rent 1300.00 Unit4 Units 1.00 Zoning R-4



    The data relating to real estate for sale on this web site comes from the Internet Data Exchange Program of the Santa Barbara Multiple Listing Service. Real estate listings held by brokerage firms other than The Zia Group are marked with the "MLS" logo and detailed information about them includes the name of the listing brokers. All information is deemed reliable, but is not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor The Zia Group shall be responsible for any typographical errors, misinformation, or misprints. © 2018 Santa Barbara Multiple Listing Service. All rights reserved. Data last updated 2018-06-21T11:47:32.227.
     
    The Zia Group
    1435 Anacapa Street
    Santa Barbara CA, 93101
    Listing provided courtesy of Village Properties - 1.